Tron announced that it will launch its new decentralized exchange and will list three trading pairs: BET/TRX, FUN/TRX, GOC/TRX on the platform. That has happened now already. The good news was broke on the official Twitter page of TRXMarket:
Confirming the initial news by TRXMarket, the CEO of Tron Foundation, Justin Sun, also twitted a few hours after that the decentralized exchange is about to be launched and will list the aforementioned trading pairs. The CEO further added to the tweet that this is just the beginning for the decentralized exchange as more developments are set to come up very soon.
According to Tron, TRXMarket will be a decentralized exchange – just like Binance and the rest – where the exchange and trading of Tron-based tokens can be performed. Again, the decentralized exchange will enable the trading on tokens that are produced on Tron’s MaInNet.
Additionally, TRXMarket is also part of Tron Super Representative (SR), as Sun Tweeted a few months ago that TRXMarket will run for Tron Super Representative.
Subsequently, it has also been stated from the company officials that TRXMarket is not controlled by Tron Foundation, due to the fact that the two bodies are distinct from each other. It seems that Sun and his team are poised to maintain a ‘hands-off’ attitude towards the control of whole Tron ecosystem as they aim to make sure it is completely decentralized.
Concerning the tokens that would be listed, as of now, Tron community will now have the opportunity to only trade/exchange BET, FUN, and GOC and as time goes on, more tokens will be added to the exchange.
Nonetheless, there are several positive hints that TRXMarket will also be the decentralized exchange for other digital coins such as Bitcoin, Ethereum, and Ripple in the future. The decentralized exchange will also to be available across the world, thus, playing a vital role on Tron’s aim to decentralize the internet.
Tron seems to be getting close to achieving its goals every day and the TRXMarket is the most-fresh proof. TRXMarket is a big stride for the blockchain platform, as it has the ability to convert 100-billion ERC20 tokens in few days with fewer efforts. The TRXMarket would be a part of the DAG (TrustNote minable Directed Acyclic Graph) public ledger, due to the inclusion of TRC20 tokens and protocol.
DAG helps to remove any type of blockchain issue acquired by traditional blockchain methods. The DAG system is actively protected by TrustNote consensus, ensuring the scalability of the system. No doubt, this is a big development for the future of TRC20 tokens.
Image courtesy of Pixabay.